1. A term used to describe a man who has just endured a major financial hardship and is so strapped for cash that he has lost all will to live. While he may also be "broken down" emotionally, spiritually or automotively, the primary focus of the "broke" aspect in this case is monetarily. He may also be bored, listless or have a bleak outlook on life, much like a dog that has lost the ability to use his penis.
Q: "Do you see Joe crying in his beer down there?"
A: "Yeah, I'm gonna buy his next round, he looks broker than a broke dick dog."
1. Someone who hasn't spent any money, has no money, and isn't getting any money anytime soon.
2. A dog that missed but kept going.
1. I've been getting 10 hours a week at work. This job turned me into a broke-dick dog.
2. Bowser would've been quite the stud, if only his aim were better.
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.